China Renaissance Securities restated their hold rating on shares of IQIYI (NASDAQ:IQ) in a report published on Tuesday, The Fly reports.
Other research analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of IQIYI from a buy rating to a hold rating in a report on Wednesday, July 31st. Credit Suisse Group reissued an outperform rating on shares of IQIYI in a report on Wednesday, July 17th. JPMorgan Chase & Co. started coverage on shares of IQIYI in a report on Friday, August 16th. They set an underweight rating and a $14.00 price objective for the company. KeyCorp started coverage on shares of IQIYI in a report on Monday, July 29th. They set a sector weight rating and a $21.00 price objective for the company. Finally, Loop Capital started coverage on shares of IQIYI in a report on Monday, June 3rd. They set a hold rating and a $20.00 price objective for the company. Two research analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $21.40.
Shares of IQ stock opened at $18.18 on Tuesday. IQIYI has a 52-week low of $14.35 and a 52-week high of $32.46. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a market capitalization of $12.97 billion, a PE ratio of -7.36 and a beta of 2.99. The stock has a fifty day simple moving average of $18.46 and a two-hundred day simple moving average of $21.16.
Large investors have recently made changes to their positions in the stock. Joseph P. Lucia & Associates LLC bought a new position in shares of IQIYI in the 1st quarter valued at about $25,000. AdvisorNet Financial Inc bought a new stake in IQIYI in the second quarter worth about $25,000. Intercontinental Wealth Advisors LLC bought a new stake in IQIYI in the first quarter worth about $40,000. Resources Investment Advisors LLC. lifted its stake in IQIYI by 415.7% in the second quarter. Resources Investment Advisors LLC. now owns 1,805 shares of the company’s stock worth $37,000 after purchasing an additional 1,455 shares during the last quarter. Finally, Quadrant Capital Group LLC bought a new stake in IQIYI in the first quarter worth about $59,000. 20.24% of the stock is owned by hedge funds and other institutional investors.
iQIYI, Inc, together with its subsidiaries, provides online entertainment services under the iQIYI brand in China. It operates a platform that provides a collection of Internet video content, including professionally-produced content licensed from professional content providers and self-produced content.
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